Manage: Outsourcing for Efficiency

October 22, 2009

Save Time & Resources

In these economic times, resources are limited in many businesses today which make outsourcing an option to get a project or task done with a fixed cost.

The following options can be considered.

• A  small company can consider partnering with a larger company by providing their expertise as a subcontractor. This can be done by registering with the state and bidding on state contracts. In most states there is a department of administrative services that helps a business who has been in business for 2 or more years. In Connecticut, www.das.gov and www.sba.gov offer matchmaking events where small businesses are introduced to larger businesses for tasks that they need help with. Many larger companies use smaller companies to subcontract work to.
• It is also possible to find companies who can produce, fulfill and ship products to buyers which allow design and marketing to stay in house. This is a process where a manufacturer will drop ship merchandise and stock inventory for a fee. If a service business needs help…temporary help is an option. Part time help makes sense in busy times and in slow times you are not locked into a fixed payroll.
• Outsourcing human resources and management tasks that are labor intensive and costly makes sense. Payroll is very common and ends up being more cost effective than hiring an accounting firm or hiring a full time employee.
  -

When things can be outsourced it allows the company to focus on its customers and sales. Look into the options that make sense for your business.

Share ideas that have worked for you to make your business run more efficiently.

Julie Brander, New Haven SCORE
View posts by Julie Brander

Filed under: Finance, Growing, Life Balance, Managing

Tags: balance, consultant, contract, outsource, vendor